Gbogbo and MacDonald Dzirutwe ABUJA (Reuters) -Nigeria's central bank delivered another big interest rate hike on Tuesday, responding to a continued rise in inflation which hit a 28-year high in April.

Paraguay’s central bank held its benchmark interest rate unchanged for a second straight month at 6%, saying that borrowing costs are around their neutral level.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML,

Bangko Sentral ng Pilipinas held its policy rate steady to mitigate upside risks to inflation following a recent pickup in price pressures.

Nigeria's central bank raised its benchmark lending rate by 150 basis points to 26.25% from 24.75%, in a decision announced on Tuesday. Analysts had widely predicted another hike given inflation has continued to soar and the local naira currency has been highly volatile.